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Indian firms unprepared for third-party risks: Survey

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A survey by U.S.-based consultancy firm Deloitte Touche Tohmatsu has found that 70% of Indian companies cited third-party risks as a top business concern, Business World. The survey found that the companies were ill-equipped to deal with third-party risks due to inadequate knowledge of sub-contractors. Nearly 60% of respondents said that their companies' boards have a moderate level of understanding and engagement on mitigating third-party risks.

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